April 17, 2026 : The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has ruled in favour of Shreepati Build Infra Investment Limited, holding that losses arising from investments and loans advanced to a wholly owned foreign subsidiary for Read more…
April 17, 2026 : The Delhi Bench ‘A’ of the Income Tax Appellate Tribunal (ITAT) has ruled that reassessment proceedings initiated beyond three years cannot be sustained unless the Revenue establishes that the alleged escaped income is represented in the Read more…
April 17, 2026 : The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has upheld the deletion of an addition of ₹10.5 crore made under Section 69A of the Income-tax Act, 1961, reiterating that a statement recorded during search proceedings—if subsequently Read more…
April 17, 2026 : The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that the Commissioner of Income Tax (Appeals) cannot expand the scope of assessment by introducing a new source of income while exercising enhancement powers Read more…
April 17, 2026 : The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that the Commissioner of Income Tax (Appeals) [CIT(A)] cannot enhance taxable income by introducing a new issue that was never examined by the Assessing Read more…
April 17, 2026 : The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has held that payments received by Reliance Jio Infocomm USA Inc. for providing international voice termination services to its Indian affiliate cannot be classified as royalty or fees Read more…
April 17, 2026 : The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has ruled that delays in filing applications for final registration and approval under Sections 12A and 80G of the Income Tax Act cannot be viewed adversely when caused Read more…
April 7, 2026 : The Ahmedabad Bench of the Income Tax Appellate Tribunal has held that additions made on account of bank credits, accommodation entries, and interest income must be carefully reconciled to avoid duplication, cautioning that taxing overlapping components Read more…
April 7, 2026 : The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has reiterated that issues involving interpretation of law and capable of multiple views fall outside the scope of rectification under Section 154 of the Income Tax Read more…
April 7, 2026 : The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has set aside reassessment proceedings initiated against Crystal Quinone Pvt. Ltd., holding that reliance on generalized third-party statements without establishing a direct nexus with the assessee is legally Read more…